Assignment:
Q1. What are the welfare implications of trade in toxic wastes? Should such trade be banned or can it serve a useful function? Who should have the power to regulate trade in toxic wastes, individual countries, local communities, or a global authority?
Q2. Can harmonization of environmental standards solve the problem of environmental externalities in trade? How would the issues of harmonization differ in NAFTA, the EU, and the WTO? Would harmonization promote economic efficiency as well as environmental improvement, or might it lead to lower environmental standards?
Q3. What should be done if the provisions of a Multilateral Environmental Agreement conflict with the principles of the WTO? Which should take precedence, and who should have the authority to decide? Which economic, social, and ecological principles should be used to decide such issues?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.